Sustainability Statement

We prepare the Sustainability Statement on a consolidated basis in accordance with the European Sustainability Reporting Standards (ESRSs). The document is included in the Report on Operations, which forms part of the financial statements package.

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General information
Environment
Social
Governance

General information

For us, 2025 is a real milestone. Through the public exchange and purchase offer (OPAS) on illimity Bank, we have launched an industrial project that combines two innovative businesses, with the aim of building a leading banking group for Italian small and medium-sized enterprises and expanding our retail services for individuals. This transaction is complemented by the acquisition of Fürstenberg SIM (formerly Euclidea SIM), which marks our entry into asset management services, expanding our offering to clients under the Fürstenberg brand.

Within this new structure, we are working to make the most of our assets, generate the synergies communicated to the market, and continue to develop a modern and inclusive corporate culture. The path of growth and transformation we are pursuing increasingly incorporates ESG issues in a structured manner, which we consider a strategic lever for long-term development, in line with the approach we have adopted in recent years.

The Sustainability Statement provides an overview of this journey, highlighting the main policies, actions, metrics and targets that guide our commitment in the environmental, social and governance dimensions. On the environmental front, we are pursuing decarbonisation and energy transition in our processes and in the portfolios we finance, by investing in renewable energy and promoting sustainable mobility. In terms of social responsibility, we are strengthening our impact through initiatives supported by the Kaleidos Social Impact Lab and renewing our focus on diversity and inclusion. In the area of governance, we promote a culture of ethics and fairness, support a balanced composition of corporate bodies, and integrate ESG criteria into our performance systems, guided by shared transparency standards.

Illimity and Fürstenberg SIM integrations

Following the company integrations that took place in 2025, we have embarked on a process of gradual alignment, including data from illimity Bank and Fürstenberg SIM in the report for the post-acquisition period. However, to provide a comprehensive overview of the entire financial year, illimity Bank has published its own annual disclosure, which is available on its website. Therefore, for further information, please refer to the company’s sustainability statement.

Looking ahead, we are also working to strengthen synergies in the area of ESG, through a process of definition and harmonisation. We are working to ensure full strategic alignment between Group companies and to provide increasingly consistent and comparable sustainability information.

Double materiality results

The findings of the 2025 double materiality analysis confirmed and further refined the issues relevant to the Banca Ifis Group identified in the 2024 financial year, both in terms of the Group’s own operations and across the value chain, over different time horizons.

In line with the previous financial year, for each ESRS and related sub-topic, relevant impacts, risks and opportunities were identified in terms of both impact materiality and financial materiality, taking into account the Group’s new scope and the value chain mapping activities.

In particular, for the environmental dimension:

E1 – Climate Change remains a material topic for both the Bank’s own operations and the value chain, over a short- to medium-term and a long-term horizon;
E4 – Biodiversity and ecosystems is material for the Bank’s own operations over a medium-term time horizon.

With regard to the social dimension:

S1 – Own workforce remains material with reference to own operations, over a short- to medium-term horizon;
S2 – Workers in the value chain, S3 – Affected communities and S4 – Consumers and end-users are material primarily along the value chain, over a medium-term horizon.

Finally, with reference to the governance dimension:

G1 – Business Conduct remains material with reference to own operations and, to some extent, along the value chain, over a short to medium-term and long-term time horizon.

Environment

We are continuing to integrate environmental sustainability into our strategy and operational processes, with the aim of reducing the direct and indirect impacts of our activities and promoting the energy transition.
The Transition Plan drawn up in 2024 guides the Group’s decisions towards solutions with a reduced environmental impact, by striving for energy efficiency, prioritising procurement from renewable sources, and adopting international benchmark standards for its assets. The preservation of biodiversity and ecosystems within our company sites remains an important issue, as do the regular assessment of climate and environmental risks and the decarbonisation of our portfolio.

Policies

ESG Policy*

Describes the Group’s ESG commitments and the guidelines it applies in the area of sustainability, consistent with the principles and values set out in the Group’s Code of Ethics.

*adopted by the illimity Group

Environmental Policy*

Describes the Group’s environmental commitments, with particular reference to direct environmental impacts.

*adopted by Fürstenberg SIM

Credit Policy

Describes the principles and guidelines that the Banca Ifis Group intends to apply in granting credit, including any ESG considerations on counterparties.

Actions and metrics

Energy transition and Decarbonisation

+3 million Euro invested in ‘green’ refurbishment of company properties
Electricity mainly from renewable sources for Italian owned sites

Sustainable mobility

91 electric vehicle charging points installed at company premises
73,5% of the company fleet consists of hybrid, plug-in hybrid, mild hybrid or electric vehicles
7% of the company fleet are electric vehicles
100% of new company vehicle orders are for hybrid or electric vehicles
Financial products for sustainable mobility and energy efficiency

Biodiversity and ecosystem protection

Protection of biodiversity within the 22-hectare Villa Fürstenberg Sculpture Park, which includes more than 3.400 trees
Continuation and expansion of the ‘Biodiversity Oasis’ project in Lombardy and Lazio , involving the planting of nectar-producing trees

Targets

Own emissions

Reduction of Scope 1 emissions by 10% by 2030

Financed emissions

Cars: from 130 to 85 gCO₂e/km by 2030
Trucks: from 52 to 37 gCO₂e/tkm by 2030
Auto manufacturers: from 153 to 85 gCO₂e/km by 2030

Social

We place people at the heart of our strategy, recognising that our Ifis People are an essential resource not only for our financial performance, but also for the dissemination of our corporate culture and our values of social responsibility and ethics. We invest in the growth and development of human capital through training, dialogue and cross-functional collaboration, while promoting equal opportunities and respect for human rights. We place a particular focus on health and safety, on attracting and retaining talent, and on well-being and work–life balance, with the aim of ensuring an inclusive working environment. We believe it is essential to give back to the communities and regions in which we operate, and therefore we are committed to promoting projects and initiatives with high social value through our Kaleidos Social Impact Lab.